Progressive (PGR) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Progressive closed at $288.74, marking a +1.34% move from the prior day, outperforming the S&P 500's daily gain of 0.41 [1] - The stock has risen by 0.75% in the past month, lagging behind the Finance sector's gain of 4.15% and the S&P 500's gain of 6.13% [1] Upcoming Earnings - Progressive is expected to report EPS of$ 3.85, up 45.28% from the prior-year quarter, with a revenue forecast of $21.47 billion, indicating a 17.6% growth compared to the corresponding quarter of the prior year [2] Full Year Estimates - For the full year, earnings are projected at$ 16.12 per share and revenue at $87.37 billion, reflecting changes of +14.73% and +16.33% from the preceding year [3] Analyst Projections - Recent revisions in analyst projections indicate optimism regarding Progressive's business and profitability, as positive alterations in estimates often reflect near-term business trends [3][4] Zacks Rank and Performance - Progressive holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having moved 2.24% higher within the past month [5] - The Zacks Rank system has shown that 1 ranked stocks yield an average annual return of +25% since 1988 [5] Valuation Metrics - Progressive's Forward P/E ratio is 17.67, which is a premium compared to the industry average of 12.12 [6] - The company has a PEG ratio of 1.73, while the Insurance - Property and Casualty industry had an average PEG ratio of 2.78 [7] Industry Overview - The Insurance - Property and Casualty industry is part of the Finance sector and currently holds a Zacks Industry Rank of 55, placing it in the top 23% of all industries [8]